Transcript 1-1 Personal Skills and the Job Market

UNIT 1
Understanding
Income:
Chapters 1-3
Chapter 1
How Your Choices Affect Income
Chapter 1 Goals
• Discuss job market, how it changes over time, and
what you can do to prepare yourself
• Describe how the economy can affect prices and
income
• Explain options for higher education and ways to pay
for college
• Discuss strategies to find and apply for jobs
• Explain how to prepare a resume and successful job
interview strategies
What Is the Job Market?
• Job market refers to jobs
available for workers.
• A skill set is the unique
skills and abilities you bring
to the job market.
o Hard skills are technical.
o Soft skills are
nontechnical.
1-1 Personal Skills and the Job Market
Slide 3
Training and Skills for Job Success
Hard Skills –
Ability to perform tasks
or procedures
Ex. Run medical x-ray
equipment, perform
surgery, put plumbing
in a house, give first
aid
Soft Skills –
Some are natural abilities,
others must be learned
through education, life
experiences and practice
Ex. Leadership skills,
communication skills, ability
to work with difficult
people, problem-solving,
organization
Learning about Job Requirements
• Job title is the name of a job.
o Example: Baker
• Job description
describes what a job
would be like.
o Includes: education,
experience, hours,
work site, location
1-1 Personal Skills and the Job Market
Slide 5
What is important to you?
Value
• A principle that
reflects the worth
you place on an
idea or action
• Ex. Honesty,
dependability,
good health
Goal
• A desired outcome
based on one’s
values for which a
plan of action is
carried out.
• Ex. Value good health =
Goal of eating healthy
• Value nice clothes = Goal
of saving money
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How Does Education Affect
Your Income?
1-1 Personal Skills and the Job Market
Slide 7
EDUCATION
Formal education – school, college, trade
schools
Informal Education:
On-the-job traininglearning as you work
Self training*- reading and practicing on your
own, i.e. teaching yourself a computer
program using tutorials
*These skills can be listed on your resume when you
are able to perform them well!
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Building Communications Skills
Listening (not the same as hearing)
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Face and look at the person who is talking.
Focus on what the speaker is saying.
Ignore distractions.
Turn off the phone.
Take notes on the main ideas.
In a conversation, give feedback or nod.
Mentally summarize the main points.
1-1 Personal Skills and the Job Market
Slide 9
Section 2
What Is the Economy?
• The economy refers to all the activities
related to making and distributing goods
and services.
• A market economy is based on the law
of supply and demand. (U.S)
o The price is determined by what
consumers are willing to pay and sellers
are willing to accept.
1-2 The Economy and Your Education
Slide 10
Supply and Demand
Demand
Supply
• The quantity of goods and • The willingness and ability
services that producers are of consumers to buy goods
willing and able to provide and services
• When Supply > Demand, • When Demand > Supply,
the Price goes UP
the Price goes DOWN
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The Business Cycle
1-2 The Economy and Your Education
Slide 12
When economy is…
…growing…
…slowing…
 People buy goods and
services
 Jobs are created
 Businesses are hiring
 People buy fewer goods and
services
 Fewer people are hired;
there are layoffs
 Businesses are not growing
Slide 13
Economy discussion:
• What if supply and
demand level off? –
That is called
equilibrium and that is
a relatively good thing
- stabilizing
• Why might it be better
to spend in a recession
and save in recovery?
• What stimulates the
economy?
• See Page 12 in book
What are the Costs of Education?
• Tuition is the expense paid by students
for instruction at a school.
• Fees are charged to cover special
expenses.
o Examples: technology, equipment,
supplies
• Room and Board include housing and
food.
1-2 The Economy and Your Education
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Types of College Programs and Degrees
Career and Technical Schools
– Few months to a year or more
Advanced Programs
• Associates Degree – 2 years
• Bachelor’s Degree – 4 years
• Master’s Degree – 1-3 years beyond
Bachelor’s
• Doctorate – 3-5 years beyond Master’s
• May need internship or residency
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Costs vs. Rewards
• Consider the Costs of Education vs.
• the rewards of career and
• amount you will earn
Bachelor’s Degree (4 years) = TWICE as much as a
High School Diploma --------------$1,000,000+ over a
lifetime!
• (Earn a minimum of $25k more per year
X 40 years working = $1 mil+)
How am I going to pay for
Education and Training???
 Loans and grants
Financial Aid –
money you receive from outside source
to help pay for education
 Grant: $ given for education and
do not have to repay
 Loan: $ borrowed and
have to repay
1-2 The Economy and Your Education
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Federal Financial Aid
• FAFSA form: filled out by parents (gaurdians)
if under 23; includes parent and student
income – must meet deadline!
• Subsidized Student Loan- interest is Repayment of
loans begins
not charged until after you graduate after
graduation
• Unsubsidized Student Loan- interest
charged from the time loan is made
Slide 19
Other Financial Aid
• Private student loans – Loans from banks
or credit unions
• *Higher interest rates than Federal loans
• *Usually unsubsidized
**Better to go
for Federal
loans first
before Private
loans
• Scholarships• Gift of $ or other aid (free tuition/books)
• Academic
• Athletic
• SAT Test scores
• Financial Need
• Work and save
• Work after HS, save for college
• Work while attending college
Ethical considerations when
applying for Financial Aid
• Ethics – a set of moral values that
people consider acceptable
• It is important to be truthful when
completing aid forms
• Use N/A is information is not
applicable or not available
Focus On . . .getting involved now
Student Organizations
• Explore careers of
interest.
• Attend conferences.
• Apply for scholarships,
grants, financial aid.
• Take part in community service activities.
• Network and form friendships.
1-2 The Economy and Your Education
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Section 3
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How Can You Find Job Openings?
Social networks
Job shadowing
Cooperative work experience
Counselors, teachers, placement centers
Websites of businesses
Job scout programs
Employment agencies
1-3 Job Application Skills and Tools
Slide 24
General Resume Guidelines
A resume is a summary of your work
experience, education, skills, interests.
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Have a “master resume.”
Tailor each resume to match job opening.
Limit resume to one page.
Keep resume simple and attractive.
List important information on top.
Proofread thoroughly.
1-3 Job Application Skills and Tools
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The Cover Letter
A cover letter introduces you to a
prospective employer.
• It is short and direct.
• First paragraph says why
you are writing.
• Second paragraph points
out qualifications.
• Closing paragraph asks
for an interview.
1-3 Job Application Skills and Tools
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How Do You Make Yourself Stand Out?
• A job application is a form that
asks you basic information about
your background.
• A job interview is a face-to-face meeting
with a potential employer to discuss a
job opening.
• Follow-up is contact with a prospective
employer after the interview.
1-3 Job Application Skills and Tools
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PREPARE FOR THE INTERVIEW
Rehearse open-ended questions like “tell me about
yourself,” or “why did you pick us?” Practice.
Arrive on time, or even 10 minutes early. Dress as if
you have the job already.
Appear self-confident and relaxed. Do not show
tension or stress.
Think before you speak. Speak slowly and clearly. Use
good grammar and avoid slang.
Do research on the company so you can speak
intelligently about it and ask meaningful questions.
Success Skills
Using Social Networking Sites
Advantages include:
• Wide-range of sources for job
information
• Rapid response to job openings, up to
the minute
BE CAREFUL:
• Don’t post anything that could lead
others to think poorly of you.
• Don’t complain about your job, brag,
criticize or swear
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